Disney reported on Tuesday that they intend on removing all of its movies and television shows from the Netflix streaming service by the end of 2018. This decision is to ultimately make way for Disney’s very own streaming service to come in 2019. Consequentially, Netflix stock fell five percent after the separation announcement according to Forbes.
This separation means that users are forced to subscribed to additional streaming platforms to keep up with their favorite shows. Forbes also noted that Disney also intends on launching an ESPN subscription streaming service. With Disney and sport fans out of luck, Marvel fans will at least be happy to know that their favorite superhero television shows, like “Luke Cage” and “Jessica Jones”, will remain on the site.
Streaming is rapidly gaining popularity, and Disney is one of the biggest producers of content on the globe. To attract users to its new online streaming service, Disney and Pixar are set to release some long awaited films such as Toy Story 4 and Frozen 2. In fact, Variety did a report that more than 42% of American household use streaming services like Netflix (Variety, 2015). This brings into question: is this the demise of television?
With the number of streaming platforms on the rise, it is safe to say that the need for televisions to watch TV shows is rapidly depleting. The obligation to be in front of the TV to watch your favorite show is a lost concept. Now, you can stream your favorite television shows straight to your portable device, and watch it on-the-go. Instead of having your favorite channels, users are now prioritizing their favorite streaming platforms. According to Business Insider, streaming media is on the rise, and will continue to rise in the years to come, “…expect global shipments of streaming media devices to grow at a 10% compound annual growth rate (CAGR), from 240 million in 2016 to 382 million in 2021” (Business Insider, 2016). It is becoming more and more common to “binge-watch” your favorite show on a streaming service, that the term coined by society was even added to the Merriam-Webster Dictionary. This is where we are headed, and the Disney/Netflix separation seems to be one of the indicators for the future to come.
Comments are closed for this post.